RBI’s Retail Direct Gilt Account

The Reserve Bank of India (RBI) on July 12 allowed retail investors to open a ‘Retail Direct Gilt Account’ (RDG Account) through an ‘online portal‘, which will be provided under its RBI Retail Direct’ scheme.

Retail Direct’ scheme

• Under the Retail Direct’ scheme scheme, the ‘online portal’ will also give registered users facilities such as access to primary issuance of government securities (G­Secs) and NDS­OM (Negotiated Dealing System — Order Matching (NDS­OM).

• The scheme will be a one­stop solution to facilitate investment in G­Secs by individual investors.

• The RBI Retail Direct’ facility was announced in February 2021 for improving ease of access by retail investors through online access to the government securities market – both primary and secondary – along with the facility to open their gilt securities account (‘Retail Direct’) with the RBI.